I have taken loan from IDBI HOME FINANCE LTD, PUNE LOAN NO.WESPUN00006104. As per loan agreement, i have to repay the balance loan on retirement. I retired on 30.06.2010. I approched to the IDBI Home finance ltd;Apte road Pune on 02.07.2010 requesting to take my balance loan repayment cheque. authority told me that we will take only 70% of balance amount and not entire loan. On my agreement of loan agreement, they suggested to 2% processing charges on entire balance loan amount. There was no such clause to pay processing charges on repayment on retirement. I requested to concern authority to waive off processing charges since i am repaying as per agreement clause. But authority did not agreed. they suggested to pay 70% repayment as per normal clause, and then balance amount after 3 months. I think the IDBI home finance authority is applying normal clause of repayment of loan to me and charging interest charges on prolonged EMI repayment and processing charges on balance amount of repayment.
since i am ready to repay the balance loan on retirement as per agreement commitment, IDBI authority is breaching the contract condition with intention to recover interest and processing charges from me.
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